daveg- Someone in U.S. is doing the same kind of thing. My guess is that it's my least favorite fund, albeit one that owns a huge amount of KZA.
They're a Long/Short hedge fund, playing short for (US) pennies. They'll get burned on their short bets eventually, but have so much stock long that
they'll make bank when share price rises, and they can always replace shares sold short with shares they already own. It's a game to them.
Also no disclosure on what private (retail) investors in the U.S. own. There are certainly stupid (considering it's already bottomed) shorts still holding
positions since the November spike.
KZA Price at posting:
$1.31 Sentiment: Buy Disclosure: Held